Carlsberg China Expected to Shutter Some of its Chongqing Beer Breweries

A weaker-than-expected performance in China and Russia is forcing Carlsberg A/S, the world fourth-largest brewer, to axe 2,000 staff worldwide by 2018, around 15 percent of its workforce. According to Chief Executive Officer Cees’t Hart, cost-saving measures will affect its Chinese operations, including the closure of some factories. As part of its “business right-sizing” efforts, he said it will be restructuring what he called its brewery footprint in the country, and that it was evaluating all possible measures…Full Article: China Daily Nov 2015

Key Point

According to a Carlsberg China representative, the company intends to close Chongqing Beer breweries in Anhui and Zhejiang provinces, eastern China.

ChinaAg Comments

In March 2013, Carlsberg offered to purchase an additional 30.3% stake in Chongqing Brewery. In November 2013, the acquisition was completed, which made the Danish brewer a controlling (60%) shareholder in CBC.